India

Union government has spent over Rs 1,100 crore in two and a half years on advertisements featuring Prime Minister Narendra Modi, a Right to Information (RTI) query revealed. This expenditure was between 1 June, 2014 and 31 August, 2016, according to information provided by the Union Information and Broadcasting Ministry in reply to an RTI […]

Why has De la Rue, a black-listed company by the Reserve Bank of India previously, been given the contract to supply machinery for the re-printing currency notes, without any official announcement being made? Until April 2016 at least, De La Rue continued to supply paper for this printing, and was re-issued tenders by the Modi Govt for […]

The girl’s father was not aware of the sudden declaration on demonetisation by the Modi government. Thus, when he offered Rs 1.70 lakh in old denomination notes, the bridegroom’s family refused to receive the cash In a shocking news coming from Odisha, a newly-married girl was killed by her in-laws in Ganjam district as her […]

NEW DELHI: The cash crunch that has hit millions after the notes ban brought 66-year-old Munni Lal to the lowest point of his life as he waited next to his wife’s body for two days, with no money to cremate her. Phoolvati, 61, died of stomach cancer on Monday after a nine-month fight with the […]

The Bhartiya Janata Party reportedly bought crores of worth of land just days before Prime Minister Narendra Modi’s demonetisation announcement. According to reports by Catch News, the BJP, which is in power at the Centre bought several pieces of land in Bihar till the first week of November and stopped, just before the announcement for […]

Nepal Rastra Bank on Thursday banned the use of India’s new currency notes of Rs 500 and Rs 2,000 denomination, terming them “unauthorised and illegal”. These two currency notes were issued by the Reserve Bank of India recently after old Rs 500 and Rs 1,000 denomination notes were withdrawn. Nepal Rastra Bank (NRB) has called […]

The All India Bank Officers Confederation has called for the resignation of Reserve Bank of India governor Urjit Patel, taking the moral responsibility for the current crisis in the country and the deaths of more than 50 people, including 11 bank officials, according to a report in The Indian Express. “The present governor has utterly […]

Almost a month ago, a local Muslim cleric at Kodinji in Kerala’s Malappuram district suggested to Anil Kumar, who had converted to Islam a few months ago and taken on the name Faisal, that he should seek protection from the community. Faisal, 30, turned down the suggestion, saying, “After embracing Islam, I have entrusted everything […]

MALAPPURAM: A 32-year-old man, who had converted to Islam six months ago, was brutally hacked to death at Farook Nagar in Kodinhi, here, in the wee hours on Saturday. Faisal P, alias Aneesh Kumar, son of Ananthan Nair, of Kodinhi, was found dead by the roadside at about 4 am by local residents. An auto rickshaw, which […]

India’s dramatic move to scrap 500 ($7.60) and 1,000 rupee notes is poor economics, a leading economist says. Kaushik Basu, the former chief economist for the World Bank, says the “collateral damage” is likely to outstrip its benefits. The overnight ban on the notes last week was intended to crack down on corruption and so-called […]